(Companies: Boston Medical Products, Inc., Innovia Medical, LLC Medtronic plc, Olympus Corporation and Smith & Nephew)
The global nasal splints market was valued at about $1.4 billion in 2018. The North American market is the largest market for nasal splints. The nasal splints market consists of sales of nasal splints. These nasal splints are devices that are used to prevent nasal bone movement from their positions to avoid side-effects such as nose bleeding, inflammation inside the nostrils, and maintain the shape of the nose after any reconstructive surgery or rhinoplasty.
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The global nasal splints market is expected to grow to $1.46 billion at a rate of around 1.1% through 2022. Rhinoplasty is one of the most commonly performed reconstructive cosmetic surgery across the globe and around 954,423 rhinoplasty operations performed throughout the world in 2016. As part of the post-operative procedure, intranasal splints are used to promote hemostasis, structural support and minimize scar formation. Therefore, owing to the rising numbers of rhinoplasty surgery and use of nasal splints for post-operative care, the market for nasal splints is forecasted to grow.
The nasal splints market was limited by shortage of skilled surgeons and other professionals in most developed and developing countries. Nasal splints made from biodegradable materials are gaining popularity in the industry, as they do not require surgical removal after implantation. The biodegradable materials in nasal splints include plant-based and bioresorbable materials. They help in controlling bleeding after surgery or nasal trauma, eliminating the need for painful nasal packing removal for patients and act as an adjunct to aid in the natural healing process.
Major players in the market are Boston Medical Products, Inc., Innovia Medical, LLC Medtronic plc, Olympus Corporation and Smith & Nephew. Medtronic plc is the world’s largest medical device company that generates the majority of its sales and profits from the U.S. healthcare system. Medtronic has an operational and executive headquarters in Fridley, Minnesota in the U.S.
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Few points from Table of Contents:
3. Nasal Splints Market Size And Growth
3.1. Global Nasal Splints Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Nasal Splints Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Nasal Splints Market Segmentation
4.1. Global Nasal Splints Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Malleable Nasal Splints
Airway Nasal Splints
Bivalve Nasal Splints
4.2. Global Nasal Splints Market, Segmentation By End User, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Hospitals & Clinics
4.3. Global Nasal Splints Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
4.4. Global Nasal Splints Market, Segmentation By Route Of Administration, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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